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As enacted
Contents

Part VIII

167. Personal Insolvency Procedures: Documents and Records

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

(1)

A person to whom this section applies shall commit an offence where such person commits an act referred to in subsection (2) for the purpose of —

(a)

obtaining a Debt Protection Moratorium Order;

(b)

avoiding an obligation under sections 32 and 42;

(c)

obtaining an order confirming the coming into effect of a Debt Restructuring Arrangement under section 54;

(d)

avoiding an obligation under sections 32 and 56;

(e)

avoiding the termination of a Debt Restructuring

Arrangement;

(f)

obtaining a Debt Rehabilitation Order;

(g)

avoiding an obligation under sections 32 and 71;

(h)

avoiding the termination or conversion of a Debt

Rehabilitation Order; or

Rescue, Rehabilitation and Insolvency

(i)

avoiding any other obligation under this Act.

(2)

A person commits an offence who —

(a)

fails to provide, at the request of the court or

Official Receiver, all of the financial records of which such person has possession or control;

(b)

prevents the production to the court or to the

Official Receiver of a financial record;

(c)

fraudulently parts with, alters or makes any omission in, or has been concerned in or abetted the fraudulent parting with, destroying, altering or making any omission in, any financial record.

(3)

This section applies to a person-

(a)

who has made an application or proposal under sections 38, 50 or 67;

(b)

in respect of whom a Debt Protection Moratorium

Order, Debt Rehabilitation Order, or order confirming a Debt Restructuring Arrangement has been made.

(4)

In this section “financial record”, in relation to a person to whom this section applies, means a book, document or record relating to that person’s financial affairs.

Read on from s 168

Part IX

Read on from Part IX

Part X

Compromises

Read on from Part X

Part XI

Micro Small Medium Enterprise (MSME) Company Debt Restructuring Arrangements

Read on from Part XI

Part XII

Read on from Part XII

Part XIII

Read on from Part XIII

Part XIV

Cross - Border Insolvency

Read on from Part XIV

Part XV

Read on from Part XV

Part XVI

Read on from Part XVI

Part XVII

Read on from Part XVII

Schedules